Pakistani Traders To Use Chinese Yuan Instead of U.S dollar

Traders from Pakistan and China have been granted the permission to trade in Chinese currency known as Yuan. The main reason behind this change is because of The China Pakistan Economic Corridor (CPEC). However this is a good news for traders of both countries because after this decision they will be able to trade their goods or services in Chinese currency called Yuan .

Bank of China opened their first branch in Pakistan which is the positive sign of friendship between Pakistan and China . However this will help the Chinese companies and it will make easy to access the Chinese onshore companies in Pakistan. However, There are no restrictions on specific sectors, In other words this is for both the public and private sectors.

Pakistan can expect some more projects in near future due to The China Pakistan Economic Corridor (CPEC). which will help to stable their economy.

Source :- PRO PAKISTANI

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